TOP CORPORATE NEWS - 11 FEB 2016

BEML reports Q3 net profit at Rs3 crore (YoY)

BEML has announced the following Q3 Unaudited Standalone results for the quarter ended December 31, 2015 (YoY)

Net Profit at Rs3.10 crore Vs net loss of Rs11.42 crore.

Total Income increased by 30.71% to Rs773.14 crore Vs Rs591.45 crore.

Jubilant Food Q3: Net Profit at Rs31.7 Crore

Jubilant Food Q3: Net Profit at Rs31.7 Crore

Total Income at Rs634 Crore

Same-store-sales Growth at 2%.

SBI Q3 profit below estimates

State Bank of India ( SBI) has announced the following results for the quarter ended December 31, 2015 (YoY)

Standalone

Net Profit slipped 61.67% to Rs1115.34 crore Vs Rs2910.06 crore.

Total Income increased by 6.73% to Rs46731.01 crore Vs Rs43783.97 crore.

Dr Reddys Labs board to consider buyback of shares

Dr Reddys Laboratories has announced that a meeting of the Board of Directors of the Company will be held on February 17, 2016 to consider the Buyback of Equity Shares of the Company.

Today, stock opened at Rs2905 after yesterday closing at Rs 2886.85 and hit the intra day high of Rs2974 and hit intra day low of Rs2905.

OBC Q3 net loss at Rs425 cr (YoY)

Oriental Bank of Commerce (OBC) has announced the following Q3 Un-Audited Standalone results for the quarter ended December 31, 2015 (YoY):

The Bank has posted a net loss of Rs424.69 crore Vs net profit of Rs19.56 crore.

Total Income has decreased to Rs5350.48 crore Vs Rs5458.79 crore.

                                                      

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